Montenegro's industrial output declines 6.8% y/y in Q3

On a quarterly comparison basis, Montenegro's industrial output remained unchanged in the July-September period, the statistical office said in a statement last week.

The industrial output in the mining sector went up 9.7% on the year in the third quarter, whereas in the manufacturing sector it declined by 9%, and in the utilities sector it fell by 7.8%.

Montenegro's industrial output grew 4.9% in 2021 after declining by 0.9% in the previous year.